The bill sets one component of the measure of the actuarial soundness of the defined benefit pension plan trusts by “assuming a discount rate [on liabilities] equal to the state’s long-term debt interest rate.” The bill requires the PERA Board of Trustees to annually submit recommendations to the General Assembly on possible methods to bring the trusts to full funding based upon a 30-year amortization period on unfunded liabilities. The bill extends the current authority of the General Assembly to adjust contribution rates. Finally, the bill mandates that the Board publically publish its Comprehensive Annual Financial Report (CAFR) by May 31 of every year for the prior calendar year. Currently, PERA publishes the CAFR by June 30 in compliance with the Government Finance Officers Association’s best practices.

Upcoming Events

The event has been postponed. We will let you know when it is rescheduled for. Learn more about the PERA benefit March 20 Boulder Campus Staff Council will be hosting an informational town hall focused on[...]